Tax

A worldwide tax deal heralded as a “revolution” for the profits of multinational tech firms has run into a thicket of technical difficulties that will delay implementation to 2024 at the earliest.

The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.

The service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion until the fifth anniversary of their spouse’s death.

Senate Democrats have reached a deal to extend the solvency of Medicare by closing a tax loophole frequently used by law firms and other partnerships.

A Treasury inspector general will review why two former FBI officials who ran afoul of former President Donald Trump were subjected to rare and detailed tax audits.

Angel of fraud; time with the kids; from one cell to another; and other highlights of recent tax cases.

The two were subject to a rarely used program of intense scrutiny that is supposed to be randomly selected.

Good points to the IRS; avoiding partnership; sharpen your marketing; and other highlights from our favorite tax bloggers.

Investment properties are a very different class from stocks, bonds and the like, one that often isn't managed with the same discipline.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.